NEW YORK, NY, January 26, 2018 /Sector Newswire/ -- SRG Graphite Inc. (TSX-V: SRG) this week announced the resumption of activities
at its cobalt-nickel-scandium project
located on SRG's
100%-owned Lola Property
in the Republic of Guinea,
West Africa. The Company
is expected
to file a maiden
cobalt-nickel-scandium mineral resource estimate in H1 2018.

SRG is juxtaposing the advancement of
two deposits of significance at the Lola Property; besides the
cobalt-nickel-scandium deposit, SRG's flagship asset is
its graphite deposit
which was recently the subject of an
initial resource
estimate. The graphite asset forms one of the largest surface
outlines in the world; property highlights include 3.22km2
of surface graphite mineralization, 89% large - super jumbo flakes,
with no impurities.The maiden graphite Resource Estimate came from focused
drilling of one small section (representing only ~15%) of the overall
deposit, and includes an initial pit-constrained indicated resource
of 4.0 million tonnes (“Mt”) grading 5.7% graphitic carbon (“Cg”)
and an inferred resource of 4.6 Mt grading 6.5% Cg, using a cut-off
grade of 3.0% Cg. This news falls on the heels of news of the
results of electrochemical characterization of its spherical
purified graphite (“SPG”) material produced from the Company’s Lola
graphite deposit, and news of the Company signing a Memorandum of
Understanding for it to supply graphite concentrate to Great Lakes
Graphite. The MOU specifies that the
Companies will seek to negotiate an agreement for the annual supply
of between 5,000 and 20,000 tons of natural flake graphite
concentrate.

Weathering advantage of top ~20
m; Favorable weathering action over million of years has
expunged organics from top layer, and freed graphite flakes from
the silicate gangue allowing for easy grinding with optimal
recovery.

Grade advantage;
Metallurgical tests on representative surface samples have
yielded grades up to 20% carbon with no impurities.

Quick-to-market; Company is
fully capitalized to rapidly and cost-effectively advance the
project to PFS, followed with Feasibility by mid-2018.

[NOTE:
Cobalt prices have experienced surging demand from the electric
vehicle (EV) sector and prices are
forecasted to remain strong.]

SRG Reports on Its Cobalt-Nickel-Scandium
Gogota Project

MONTREAL, Jan. 23, 2018 (GLOBE NEWSWIRE) --
SRG Graphite Inc. (TSXV:SRG) (“SRG”
or the “Company”) today announced the
resumption of activities at the
cobalt-nickel-scandium project, known as the
Gogota deposit at the Company’s Lola Project
in Guinea. SRG will be resuming activities
on the Gogota deposit and expects to file a
National Instrument (“NI”) 43-101 compliant
maiden mineral resource estimate in H1 2018.

SRG acquired the Lola project from Sama
Resources in a transaction in 2016. The
Gogota deposit was discovered during a
regional exploration program carried out
over portions of the Lola project in 2013
(reference Sama Resources’ press release
dated March 7, 2013).

Of the 51 vertical drill holes carried out
over the Gogota Deposit, 31 were drilled
over a 200-meter by 400-meter grid and 20
were drilled over a 200-meter by 200-meter
grid. The first phase of samples from 31
drill holes representing 800 samples were
sent for analysis and returned significant
cobalt (“Co”), nickel (“Ni”), and scandium
(“Sc”) results, among others. The second
phase of 20 drill holes representing 425
samples, which are still pending, have been
sent to the lab for analysis.

“We are very
optimistic about the potential of the Gogota
deposit,” said Marc-Antoine Audet, President
and Chief Executive Officer, SRG. “We are
looking forward to receiving the additional
results and moving forward with the maiden
resources.”

Core logging and sampling were performed at
SRG’s facility in Gogota village. Sample
preparations were performed by Bureau
Veritas Mineral Laboratory’s facility in
Abidjan, Ivory Coast (“BVML”), and
then dispatched by BVML directly to their
assay laboratory, Inspectorate Metals and
Minerals, in Rustenburg, South Africa. All
samples were assayed for cobalt, nickel and
all major oxides using peroxide fusion XRF.
Scandium was determined by inductively
coupled plasma optical emission
spectrometry.

The technical information in this release
has been reviewed and approved by Dr.
Marc-Antoine Audet, P.Geo, President and
CEO, SRG and a 'qualified person' as defined
by National Instrument 43-101, Standards of
Disclosure for Mineral Projects.

ABOUT SRG
SRG is a Canadian-based company focused on
developing the Lola graphite deposit located
in the Republic of Guinea, West Africa. SRG
is committed to operating in a socially,
environmentally and ethically responsible
manner.

MONTREAL, Dec. 22, 2017 (GLOBE NEWSWIRE) -- SRG
Graphite Inc. (TSX-V:SRG)(“SRG”
or the “Company”) is pleased to report its
initial resource estimate for its 100%-owned Lola
Graphite Deposit located in the Republic of Guinea. The
mineral resource estimate, prepared by Montréal-based
Met-Chem, a division of DRA Americas Inc. (“Met-Chem/DRA”),
includes a pit-constrained indicated resource of 4.0
million tonnes (“Mt”) grading 5.7% graphitic carbon
(“Cg”) and an inferred resource of 4.6 Mt grading 6.5%
Cg, using a cut-off grade of 3.0% Cg.

Mineral resources were based on 170 boreholes for 4,936
meters drilled prior to September 30, 2017. Since that
time, an additional 100 diamond drill holes were
completed, totaling approximately 7,200 meters. Assay
results for these additional holes are pending.

The Company has planned an additional 6,000 meters of
drilling, scheduled to take place in 2018.

SRG will file an NI 43-101 technical report supporting
the mineral resource estimate to SEDAR within 45 days of
the issuance of this press release.

“The Met-Chem/DRA resource estimate demonstrates the
exceptional potential of the Lola project and marks yet
another significant milestone for the Company,” said
Marc-Antoine Audet, President and Chief Executive
Officer of SRG. Based on the foregoing results, the
Company has decided to review the scope of the ongoing
preliminary economic assessment launched in September.

Resource Summary

The mineral resource for the Lola project incorporates
assay results from 170 diamond drill holes representing
4,936 meters, as well as 1,326 meters of surface channel
sampling. The maiden resource is established for the
oxide profile of the deposit, from surface to a depth
ranging between 20 and 50 meters with an average
thickness of 32 meters. The mineralization continued at
depth within the fresh rock material. The area for the
maiden resources covers approximately 18% of the
deposit’s 3.2-square-kilometer surface area.

The estimate was prepared using a block model
constrained with 3D wireframes of the principal
mineralized domains. Values for graphitic carbon were
interpolated using Ordinary Kriging (OK) interpolation
methodologies on 10 × 10 × 2m blocks. A preliminary
open pit optimization algorithm was run on the estimated
grade block model to constrain the resources and to
support the Canadian Institute of Mining, Metallurgy and
Petroleum’s (“CIM”) requirement that mineral resources
have “reasonable prospects for eventual economic
extraction.” Only mineralization contained within the
preliminary pit shell has been included in the resource
estimate.

The base case mineral resource estimate is summarized in
the following table at a cut-off grade of 3.0% Cg per
tonne (“t”) together with estimate sensitivities at
1.23% Cg/t and 5.0% Cg/t. The resource estimate and
sensitivities scenarios are established with data from
boreholes drilled by September 30, 2017.

Mineral resources are not mineral reserves and have
no demonstrated economic viability. The estimate of
mineral resources may be materially affected by
mining, processing, metallurgical, infrastructure,
economic, marketing, legal, environmental, social
and governmental factors (“Modifying Factors”).

Numbers may not add due to rounding.

Effective Date of Resource estimate is September 30th,
2017

About Met-Chem/DRA

Met-Chem, a division of DRA Americas Inc., was originally
established in 1969 as a consulting engineering company,
headquartered in Montréal, and provides a wide range of
technical and engineering services. Met-Chem is
well-recognized for its capabilities in mining, geology and
mineral processing and has a talented team of engineering,
technical and project management personnel with experience
in North America, Latin America, Europe, West Africa and
India. DRA is a multi-disciplinary global engineering group
that originated in South Africa and delivers mining, mineral
processing, energy, water treatment and infrastructure
services from concept to commissioning, as well as
comprehensive operations and maintenance services for the
mineral resources, water, agriculture and energy sectors.
DRA has offices in Africa, Australia, Canada, China, India
and the United States.

Qualified Person

Met-Chem/DRA’s consultant, Ghislain Deschenes, P. Geo was
responsible for estimating the mineral resources and has
reviewed and approved the contents of this press release.
Mr. Deschenes is a Qualified Person ("QP"), independent of
SRG Graphite, within the meaning of NI 43-101 – Standards of
Disclosure for Mineral Projects of the Canadian Securities
Administrators.

The Lola Graphite Project is under the direct supervision of
Marc-Antoine Audet, P.Geo., President and CEO, SRG, and a QP
as defined by National Instrument 43-101. Mr. Audet has
approved the scientific and technical content of this press
release.

About SRG Graphite Inc. (SRG)

SRG is a Canadian-based company focused on developing the
Lola Graphite Deposit, located in the Republic of Guinea,
West Africa. SRG is committed to operate in a socially,
environmentally and ethically responsible manner.

Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This press release contains forward-looking statements.
Forward-looking statements involve known and unknown risks,
uncertainties and assumptions and accordingly, actual
results and future events could differ materially from those
expressed or implied in such statements. Forward-looking
statements include words or expressions such as
“high-potential”, “expects", and other similar words or
expressions. You are hence cautioned not to place undue
reliance on forward-looking statements. Additional
information on these and other factors that could affect
SRG’s operations and financial results are included in
reports on file with Canadian securities regulatory
authorities and may be accessed through the SEDAR website (www.sedar.com).

SRG Graphite Inc. is poised for additional significant upside
revaluation:
SRG.V currently has a market cap of ~C$125 million (~58 million
shares outstanding trading at ~$2.17/share, with no warrant pressure
over its head (~65M fully diluted)), miniscule compared to other
companies with meaningful graphite deposits in the world (see
comparison further below) which SRG has advantages over in terms of
quality. The share price is apt to appreciate as the Company
accomplishes near-term milestones. SRG Graphite Inc., was recently
formed (in January 2017) as a standalone Company to receive its
flagship asset (the Lola Graphite Property) from Sama Resources
(which is busy advancing its own flagship asset in another African
country). Sama Resources retains ~43% of the outstanding shares of
SRG after the spin-out and recent capitalization, Coris Capital out
of Africa owns ~13%, and insiders own ~4% = ~60% in total in very
strong hands.

We have identified the
following research links for further DD on SRG Graphite Inc.

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contain forward-looking statements regarding future events that
involve risk and uncertainties. Readers are cautioned that these
forward-looking statements are only predictions and may differ
materially from actual events or results. Articles, excerpts,
commentary and reviews herein are for information purposes and are
not solicitations to buy or sell any of the securities mentioned.
Readers are referred to the terms of use, disclaimer and disclosure
located at the above referenced URL(s).